Quite a reversal in speculative positions from the Small Speculators;​​​Small speculators reached on September 7 2015 week the Longest ​Position ever on the ​E-Mini SP500 Futures with 426.1k contracts. The ​previous high in terms ​of position was on the week of March 16 2015 ​with 389.9k contracts as ​​shown by ​the chart below ( Blue Line -Ellipses ).
​And before that, the last ​peak was ​in March 10 2014 week with 328.1k ​contracts. ​It is the first​ ​peak done ​in September, the others mostly in March.​

It went to the shortest positions this week for the Small Speculators​with -69.3k contracts. ( See chart below - Bottom Panel - Ellipse )

​​​The big difference between now and December 2011, ​back then, we had a huge correction in prices a few months before ​AND we were still above that Major Support Trendline that started ​back in December 2011: ​not this time! ( See chart below - Thin Black Trendline )

​​​​​​And Seasonals for SP500 of the past five years are for a bearish trade til the 17th of November. ​( See second chart below )​​​

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Seasonality

​​Daily Chart - Seasonalities - Daily Performance in % of SP500 Index - Average of the past 5 years
November 1st pegged at 100